Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kim Panenka asked to borrow $4,750 from her sister, Kris, to make a mortgage payment. Kris deposited a check for that amount into Kim's bank

Kim Panenka asked to borrow $4,750 from her sister, Kris, to make a mortgage payment. Kris deposited a check for that amount into Kim's bank account. Hours later, Kim asked to borrow another $1,100. Kris took a cash advance on her credit card and deposited this amount into Kim's account. When Kim did not repay Kris, the sister filed a suit, arguing that she had "loaned" Kim the money. Can the court impose a contract between the sisters? Explain.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Legal Environment of Business A Managerial Approach Theory to Practice

Authors: Sean Melvin, Enrique Guerra Pujol

3rd edition

1259686205, 978-1259686207

More Books

Students also viewed these Law questions